517 Lake Destiny DrOrlando, FL 32810

Property Details for 517 Lake Destiny Dr

Year built

1985

Lot size

0.94 AC

Property size (Sq ft)

9,950 SF

Zone code

I-1

Property type

Office properties

Property subtype

Office buildings

APN

35-21-29-3854-00-021

APU

352129385400021

Description

This exceptional mixed-use property, located at 517 S Lake Destiny Dr, Orlando, FL 32810, presents a compelling investment opportunity. The 9,320 square foot building, constructed in 1985, sits on a one-acre lot and boasts a desirable I-1 zoning designation, offering flexibility for various uses. Currently occupied by an established catering/special event tenant under a new 10-year modified gross lease with annual rent bumps (highest of 3% or CPI), this property generates a strong NOI of $228,000, resulting in a 5.00% cap rate. The asking price is $4,895,000 ($525.21/sq ft). The two-story building benefits from high visibility, with over 170,000 vehicles passing daily on I-4, and excellent signage opportunities facing the interstate. Its central Orlando location is convenient to major retail businesses and dealerships, including BMW, MINI, Alfa Romeo, and Home Depot. The exterior has recently been repainted. This stabilized investment offers a secure, long-term income stream with built-in annual rent growth. The property's prime location and strong tenant history make it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,539,698

  6.5%

  $1,421,260

  7%

  $1,319,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,562,448

  Geo Method

  $1,562,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,762,362

  Hospitality

  $1,614,314

  Educational

  $1,343,090

  Medical

  $1,389,281

  Retail

  $2,089,252

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.6127

Longitude

-81.3874

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].